What is Antacids?
An antacid mainly neutralizes stomach acidity. It is used to het relieve from heartburn and indigestion. It contains salts of aluminium, calcium, magnesium, or sodium. It is available in different artificial and natural flavours. In some cases, antacids are used in the treatment of diarrhoea. Antacids with natural flavors are more popular than artificial once. Rising prevalence of acidity and heartburn owing to uneven eating habitat is mainly driving the demand for antacids. Further, increasing geriatric population has impacted on the demand in positive manner.
The market study is broken down by Type (H2 Antagonist, Acid Neutralizers and Others) and major geographies with country level break-up.
The market of Antacids is expected to grow with rising demand owing to huge prevalence of acidity across the globe. Market specifically witnessing huge demand hence major companies are focusing on expanding their expanding portfolio with new launch. Though side effects associated with use is creating burden on the market. Major players like GSK, Merck KGaA, in the industry are gaining attention from the market. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
GlaxoSmithKline PLC (United Kingdom), Merck (United States), Bayer AG (Germany), Sun Pharmaceuticals Ltd (United States), Pfizer Inc. (United States), AstraZeneca PLC. (United Kingdom), Reddy's Laboratories Ltd (India), Boehringer Ingelheim International GmbH (Germany), Reckitt Benckiser Group Plc (United States), Gemini Pharmaceuticals (United States), R.S. Hughes Co., Inc. (United States), Chempro Pharma Private Limited. (India) and Procter & Gamble (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Antacids market by Type, Application and Region.
On the basis of geography, the market of Antacids has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Chanel, the sub-segment i.e. Direct will boost the Antacids market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Form, the sub-segment i.e. Liquid will boost the Antacids market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Flavour, the sub-segment i.e. Natural will boost the Antacids market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
In February 2021, GSK Consumer Healthcare has launch of TUMS Naturals. It is a new naturally-powered antacid. Company has added this powdered antacids in its TUMS portfolio. This antacid is free-from artificial flavors and dyes to its wide-range of heartburn relief offerings. Thus, company has expanded its product portfolio with this unique launch.
Market Trend
- Increasing Inclination of towards the Use of Antacids as Functional Agents to Lowers the Acidic Level Raised due to Consumption of Other Drugs
Market Drivers
- Growing Prevalence of Acidity owing to Changed lifestyle and Uneven Eating Habitats Driving the Demand for Antacids
- Increasing Pharmaceutical Industry Expenditure
- Rising Geriatric population
Opportunities
- Rising Investments from Small Scale Manufacturers for Production of Antacids Has Created Opportunity
- Growing Pharmaceutical Production Hub in Emerging Countries like China and India
Restraints
- Side Effects on Health Associated With Excessive Intake of Antacids May Restrain Its Demand
Challenges
- Risk of Developing Sensitivities to Certain Foods
Key Target Audience
Antacids Manufacturers Suppliers and Distributors, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.